Setting up a not-for-profit in Australia is a different process than setting up a for-profit company. For starters, you need a board.
To set up a board you will first need to think about the NFP’s purpose, the ‘why’.
The NFP should outlive you. It shouldn’t be about the founder, it should be about the purpose.
Board members you might need: people with experience being chair, governance, finance, IT, HR, legal, operational, fundraising, donations, grants etc.
Connect with me on LinkedIn or visit our website rightsource.com.au
If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.
Right Source Empowering Your Purpose Is Ours.
